Baytex Energy Corp (BTE) to Release Quarterly Earnings on Tuesday
Baytex Energy Corp (NYSE:BTE) (TSE:BTE) will be issuing its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.
Shares of Baytex Energy Corp (BTE) opened at 2.79 on Thursday. Baytex Energy Corp has a 12-month low of $2.13 and a 12-month high of $5.64. The company’s market cap is $653.43 million. The stock’s 50 day moving average price is $2.46 and its 200-day moving average price is $3.26.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Raymond James Financial, Inc. downgraded shares of Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 5th. UBS AG downgraded shares of Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 5th. Scotiabank downgraded shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 29th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Baytex Energy Corp in a research note on Monday, May 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.38.
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Baytex Energy Corp Company Profile
Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.
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